Wednesday, 8 August 2012

11am update - its all noise..within a wedge

So far, it really is just micro-moves up and down.

sp'60min, rainbow


VIX is barely up 1%, that is not exactly inspiring right now.

You can see that <1350 would really be an important start in any initial move lower. As it is, that looks doubtful until middle of next week at the earliest.